By Hisakazu Kato
Analyzing the relation among inhabitants elements and technological growth is the most goal of this booklet. With its declining inhabitants, Japan faces the easy yet tough challenge of no matter if sustained monetary progress will be maintained. even supposing there are numerous reports to enquire destiny monetary progress from the viewpoint of work strength transition and the lowering saving expense, technological development is crucial issue to be thought of sooner or later course of the japanese economic climate. Technological growth is the results of suggestions or advancements within the caliber of human and actual capital. the rise in technological development, that is measured as overall issue productiveness (TFP), is discovered either through advancements in productiveness within the brief time period and through financial advancements within the long-term. the writer investigates the connection of inhabitants elements and productiveness, concentrating on productiveness development within the brief time period. Many discussions have lengthy been held concerning the relation among inhabitants and technological growth. From the previous Malthusian version to the trendy endogenous financial development types, quite a few theories are constructed within the context of progress idea. during this publication, those discussions are summarized in brief, with an research of the quantitative relation among inhabitants and technological growth utilizing country-based panel info in fresh periods.
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Extra info for An Empirical Analysis of Population and Technological Progress
Schreyer, P. (2003). Capital stocks, capital services and multi-factor productivity measures. OECD Economic Studies 37. , & Hajkova, D. (2007). Measuring multifactor productivity growth. OECD Science, Technology and Industry Working Papers, 2007/05. World Bank. (2015). World Bank Open Data. 30). Chapter 3 Theoretical and Empirical Analysis of Population and Technological Progress Abstract This chapter conﬁrms the relationship between population growth and technological progress using theoretical and empirical studies.
The OECD (2001) said that “conceptually, capital-labor productivity is not, in general, an accurate measure of technical change…” and MFP “reflects the combined effects of disembodied technical change, economies of scale, efﬁciency change, variations in capacity utilization and measurement errors” (p. 16). 2 Growth Accounting in OECD Countries 29 Examining this point, two possibilities can be considered. Firstly, a labor-augmenting technological progress exists. Using the production function form, we can describe this as follows: Y ¼ FðK; ALÞ: This labor-augmenting technological progress serves to enhance the efﬁciency of labor, and in this case, it is difﬁcult to calculate the pure contribution of technological progress to GDP growth.
Therefore, in the next section, only developed countries are analyzed to verify the relationship between population and economic growth. 3 The Results of Empirical Studies (2) Before investigating the relationship between population and economic growth, it is helpful to review the study conducted by Beaudry and Collard (2003). They attempted to estimate the relationship using three different types of economic performance, speciﬁcally growth in output per adult, growth in output per worker, and the change in employment per adult.
An Empirical Analysis of Population and Technological Progress by Hisakazu Kato